Skyworks Exceeds Updated Q4 FY12 Revenue and EPS Guidance

  Skyworks Exceeds Updated Q4 FY12 Revenue and EPS Guidance

  *Delivers $421 Million in Revenue, Up 8 Percent Sequentially
  *Posts $0.53 in Non-GAAP EPS ($0.32 GAAP), $0.01 Better than Updated
    Guidance
  *Expands Operating Margin 100 Basis Points Sequentially to 24.6 Percent on
    a Non-GAAP Basis (17.8 Percent GAAP)
  *Guides to 14 Percent Year-Over-Year Revenue Growth in Q1 FY13

Business Wire

WOBURN, Mass. -- November 01, 2012

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance
analog semiconductors enabling a broad range of end markets, today reported
fourth fiscal quarter and year end 2012 results for the period ending
September 28, 2012. Revenue for the quarter was $421.1 million, up 8.2 percent
sequentially and exceeded the Company’s updated guidance of $420 million
provided during its analyst day on September 20, 2012.

On a non-GAAP basis, operating income for the fourth fiscal quarter of 2012
was $103.6 million, up from $91.7 million in the third fiscal quarter of 2012,
reflecting a 13 percent increase. Non-GAAP diluted earnings per share for the
fourth fiscal quarter was $0.53 compared to $0.45 for the prior fiscal
quarter, representing an 18 percent sequential improvement. On a GAAP basis,
operating income for the fourth fiscal quarter of 2012 was $74.8 million and
diluted earnings per share was $0.32.

For fiscal year 2012, revenue was $1.569 billion, up 11 percent versus $1.419
billion in fiscal 2011. For fiscal 2012, non-GAAP diluted earnings per share
was $1.90 and GAAP diluted earnings per share was $1.05.

“Skyworks is capitalizing on global mobile connectivity ubiquity and demand
for high performance analog solutions across a diverse set of vertical
markets,” said David J. Aldrich, president and chief executive officer of
Skyworks. “Interrelated macro trends such as social networking, cloud-based
content and the explosion of audio and video streaming are driving increased
semiconductor content and complexity in smartphones, tablets, ultrabooks and
e-readers as well as within the supporting network infrastructure. At the same
time, wireless and power management functionality is rapidly proliferating
across adjacent applications spanning machine-to-machine, automotive,
broadband, home automation, smart grid and medical markets. Given our
differentiated product portfolio, engagements with all key OEMs and scale,
Skyworks is well positioned to continue to gain market share, capture
additional content per platform and, as a result, significantly outperform our
addressed markets throughout fiscal 2013.”

Q4 Business Highlights

  *Launched suite of custom ZigBee® sensors in support of a leading cable
    provider’s advanced home monitoring and security system
  *Supported NetGear’s 802.11ac deployments with nearly 20 analog devices per
    router
  *Ramped Silicon On Insulator (SOI) Antenna Switch Modules (ASMs) as part of
    LTE smartphones and tablets
  *Introduced antenna tuning solutions at a leading smartphone OEM
  *Captured RF sockets at Alcatel-Lucent, Cisco, Ericsson, Huawei, Siemens
    Nokia and ZTE for 3G/4G base stations
  *Enabled voice-activated automotive infotainment systems with analog
    control ICs
  *Supported wireless networking within a new intelligent thermostat
  *Ramped GPS solutions across a broader set of customers and applications
  *Shipped more than 7 million camera flash drivers
  *Powered HTC’s Windows 8S and 8X smartphones with SkyHi™ and LTE front-end
    solutions
  *Received the Best Vendor and Outstanding Delivery Awards from ZTE

First Fiscal Quarter 2013 Outlook

“Despite the challenging macro economic backdrop, our visibility is strong
driven by new platform ramps, design win momentum and the depth of our product
pipeline,” said Donald W. Palette, vice president and chief financial officer
of Skyworks. “Specifically, for the first fiscal quarter of 2013, we
anticipate revenue to be up 14 percent year-over-year and up 7 percent
sequentially to the $450 million range with further improvement in non-GAAP
operating margin to above 25 percent and, in turn, non-GAAP diluted earnings
per share of $0.54.”

For further information regarding use of non-GAAP measures in this press
release, please refer to the Discussion Regarding the Use of Non-GAAP
Financial Measures set forth below.

Skyworks' Fourth Fiscal Quarter 2012 Conference Call

Skyworks will host a conference call with analysts to discuss its fourth
fiscal quarter 2012 results and business outlook today at 5:00 p.m. Eastern
time. To listen to the conference call via the Internet, please visit the
investor relations section of Skyworks' Web site. To listen to the conference
call via telephone, please call 800-230-1092 (domestic) or 612-288-0329
(international), confirmation code: 267360.

Playback of the conference call will begin at 9:00 p.m. Eastern time on Nov.
1, and end at 9:00 p.m. Eastern time on Nov. 8. The replay will be available
on Skyworks' Web site or by calling 800-475-6701 (domestic) or 320-365-3844
(international), confirmation code: 267360.

About Skyworks

Skyworks Solutions, Inc. is an innovator of high performance analog
semiconductors. Leveraging core technologies, Skyworks supports automotive,
broadband, cellular infrastructure, energy management, GPS, industrial,
medical, military, wireless networking, smartphone and tablet applications.
The Company’s portfolio includes amplifiers, attenuators, circulators,
demodulators, detectors, diodes, directional couplers, front-end modules,
hybrids, infrastructure RF subsystems, isolators, lighting and display
solutions, mixers, modulators, optocouplers, optoisolators, phase shifters,
PLLs/synthesizers/VCOs, power dividers/combiners, power management devices,
receivers, switches and technical ceramics.

Headquartered in Woburn, Mass., Skyworks is worldwide with engineering,
manufacturing, sales and service facilities throughout Asia, Europe and North
America. For more information, please visit Skyworks’ Web site at:
www.skyworksinc.com.

Safe Harbor Statement

This news release includes "forward-looking statements" intended to qualify
for the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements include
without limitation information relating to future results and expectations of
Skyworks (including without limitation certain projections and business
trends). Forward-looking statements can often be identified by words such as
"anticipates," "expects," "forecasts," "intends," "believes," "plans," "may,"
"will," or "continue," and similar expressions and variations or negatives of
these words. All such statements are subject to certain risks, uncertainties
and other important factors that could cause actual results to differ
materially and adversely from those projected, and may affect our future
operating results, financial position and cash flows.

These risks, uncertainties and other important factors include, but are not
limited to: uncertainty regarding global economic and financial market
conditions; the susceptibility of the semiconductor industry and the markets
addressed by our, and our customers', products to economic downturns; the
timing, rescheduling or cancellation of significant customer orders and our
ability, as well as the ability of our customers, to manage inventory; losses
or curtailments of purchases or payments from key customers, or the timing of
customer inventory adjustments; the availability and pricing of third party
semiconductor foundry, assembly and test capacity, raw materials and supplier
components; changes in laws, regulations and/or policies, including the
possibility of expiring tax cuts combined with mandatory reductions in federal
spending, in the United States that could adversely affect either (i) the
economy and our customers’ demand for our products or (ii) the financial
markets and our ability to raise capital; our ability to develop, manufacture
and market innovative products in a highly price competitive and rapidly
changing technological environment; economic, social and political conditions
in the countries in which we, our customers or our suppliers operate,
including security and health risks, possible disruptions in transportation
networks and fluctuations in foreign currency exchange rates; fluctuations in
our manufacturing yields due to our complex and specialized manufacturing
processes; delays or disruptions in production due to equipment maintenance,
repairs and/or upgrades; our reliance on several key customers for a large
percentage of our sales; fluctuations in the manufacturing yields of our third
party semiconductor foundries and other problems or delays in the fabrication,
assembly, testing or delivery of our products; our ability to timely and
accurately predict market requirements and evolving industry standards, and to
identify opportunities in new markets; uncertainties of litigation, including
potential disputes over intellectual property infringement and rights, as well
as payments related to the licensing and/or sale of such rights; our ability
to rapidly develop new products and avoid product obsolescence; our ability to
retain, recruit and hire key executives, technical personnel and other
employees in the positions and numbers, with the experience and capabilities,
and at the compensation levels needed to implement our business and product
plans; lengthy product development cycles that impact the timing of new
product introductions; unfavorable changes in product mix; the quality of our
products and any remediation costs; shorter than expected product life cycles;
problems or delays that we may face in shifting our products to smaller
geometry process technologies and in achieving higher levels of design
integration; and our ability to continue to grow and maintain an intellectual
property portfolio and obtain needed licenses from third parties, as well as
other risks and uncertainties, including, but not limited to, those detailed
from time to time in our filings with the Securities and Exchange Commission.

The forward-looking statements contained in this news release are made only as
of the date hereof, and we undertake no obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.

Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered
trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United
States and in other countries. All other brands and names listed are
trademarks of their respective companies.


SKYWORKS SOLUTIONS, INC.
UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS
                                                            
                                                
                     Three Months Ended          Year Ended
                                                                 
                     Sept. 28,     Sept. 30,     Sept. 28,       Sept. 30,
(in thousands,
except per share      2012        2011        2012          2011      
amounts)
                                                                 
Net revenue          $ 421,113     $ 402,316     $ 1,568,581     $ 1,418,922
Cost of goods sold    243,440     227,756     901,484       798,618   
Gross profit           177,673       174,560       667,097         620,304
                                                                 
Operating
expenses:
Research and           56,557        47,409        212,534         168,637
development
Selling, general       37,824        39,071        158,433         137,238
and administrative
Amortization of        8,484         9,496         32,744          16,742
intangibles
Restructuring and     -           888         7,752         2,363     
other charges
Total operating        102,865       96,864        411,463         324,980
expenses
                                                                 
Operating income       74,808        77,696        255,634         295,324
                                                                 
Interest expense       (69     )     (473    )     (667      )     (1,936    )
Gain on early
retirement of          -             -             139             -
convertible debt
Other (loss)          (15     )    683         (130      )    498       
income, net
Income before          74,724        77,906        254,976         293,886
income taxes
Provision for         13,122      13,697      52,898        67,301    
income taxes
Net income           $ 61,602     $ 64,209     $ 202,078      $ 226,585   
                                                                 
Earnings per
share:
Basic                $ 0.33        $ 0.35        $ 1.09          $ 1.24
Diluted              $ 0.32        $ 0.34        $ 1.05          $ 1.19
Weighted average
shares:
Basic                  187,926       183,591       185,839         182,879
Diluted                194,229       190,786       191,846         190,667


SKYWORKS SOLUTIONS, INC.
UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                                                  
                         Three Months Ended          Year Ended
                                                                
                         Sept. 28,     Sept. 30,     Sept. 28,     Sept. 30,
(in thousands)            2012        2011        2012        2011    
                                                                   
GAAP gross profit        $ 177,673     $ 174,560     $ 667,097     $ 620,304
Share-based
compensation expense       2,389         2,160         9,419         7,557
[a]
Acquisition-related       653         2,955       4,227       4,572   
expense [b]
Non-GAAP gross profit    $ 180,715    $ 179,675    $ 680,743    $ 632,433 
                                                                   
Non-GAAP gross margin      42.9    %     44.7    %     43.4    %     44.6    %
%
                                                    
                         Three Months Ended          Year Ended
                                                                   
                         Sept. 28,     Sept. 30,     Sept. 28,     Sept. 30,
(in thousands)            2012        2011        2012        2011    
                                                                   
GAAP operating income    $ 74,808      $ 77,696      $ 255,634     $ 295,324
Share-based
compensation expense       18,519        15,650        72,172        58,338
[a]
Acquisition-related        1,640         5,509         9,696         9,014
expense [b]
Amortization of            8,484         9,496         32,744        16,742
intangibles
Restructuring and          -             888           7,752         2,363
other charges [c]
Litigation settlement      -             -             5,778         2,300
gains and losses [d]
Deferred executive         143           143           572           594
compensation
                                                                
Non-GAAP operating       $ 103,594    $ 109,382    $ 384,348    $ 384,675 
income
                                                                   
Non-GAAP operating         24.6    %     27.2    %     24.5    %     27.1    %
margin %
                                                    
                         Three Months Ended          Year Ended
                                                                   
                         Sept. 28,     Sept. 30,     Sept. 28,     Sept. 30,
(in thousands)            2012        2011        2012        2011    
                                                                   
GAAP net income          $ 61,602      $ 64,209      $ 202,078     $ 226,585
Share-based
compensation expense       18,519        15,650        72,172        58,338
[a]
Acquisition-related        1,640         5,509         9,696         9,014
expense [b]
Amortization of            8,484         9,496         32,744        16,742
intangibles
Restructuring and          -             888           7,752         2,363
other charges [c]
Litigation settlement      -             -             5,778         2,300
gains and losses [d]
Deferred executive         143           143           572           594
compensation
Gain on early
retirement of              -             -             (139    )     -
convertible debt [e]
Amortization of
discount on                -             345           428           1,345
convertible debt [f]
Tax adjustments [g]       13,111      7,581       34,499      43,004  
Non-GAAP net income      $ 103,499    $ 103,821    $ 365,580    $ 360,285 
                                                    
                         Three Months Ended          Year Ended
                                                                   
                         Sept. 28,     Sept. 30,     Sept. 28,     Sept. 30,
                          2012        2011        2012        2011    
                                                                   
GAAP net income per      $ 0.32        $ 0.34        $ 1.05        $ 1.19
share, diluted
Share-based
compensation expense       0.09          0.08          0.38          0.31
[a]
Acquisition-related        0.01          0.03          0.05          0.05
expense [b]
Amortization of            0.04          0.05          0.17          0.09
intangibles
Restructuring and          -             -             0.04          0.01
other charges [c]
Litigation settlement      -             -             0.03          0.01
gains and losses [d]
Tax adjustments [g]       0.07        0.04        0.18        0.23    
Non-GAAP net income      $ 0.53       $ 0.54       $ 1.90       $ 1.89    
per share, diluted
                                                                             

                           SKYWORKS SOLUTIONS, INC.
         DISCUSSION REGARDING THE USE OF NON-GAAP FINANCIAL MEASURES

Our earnings release contains some or all of the following financial measures
which have not been calculated in accordance with United States Generally
Accepted Accounting Principles ("GAAP"): (i) non-GAAP gross profit and gross
margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP
net income, and (iv) non-GAAP net income per share (diluted). As set forth in
the "Unaudited Reconciliation of Non-GAAP Financial Measures" table found
above, we derive such non-GAAP financial measures by excluding
certainexpenses and other items from the respective GAAP financial measure
that is most directly comparable to each non-GAAP financial measure.
Management uses these non-GAAP financial measures to evaluate our operating
performance and compare it against past periods, make operating decisions,
forecast for future periods, compare operating performance against peer
companies and determine payments under certain compensation programs. These
non-GAAP financial measures provide management with additional means to
understand and evaluate the operating results and trends in our
ongoingbusiness by eliminating certain non-recurring expenses (which may not
occur in each period presented) and other items that management believes might
otherwise make comparisons of our ongoing business with prior periods and
competitors more difficult, obscure trends in ongoing operations or reduce
management's ability to make useful forecasts.

We provide investors with non-GAAP gross profit and gross margin, non-GAAP
operating income and operating margin and non-GAAP net income because we
believe it is important for investors to be able to closely monitor and
understand changes in our ability to generate income from ongoing business
operations. We believe these non-GAAP financial measures give investors an
additional method to evaluate historical operating performance and identify
trends, additional means of evaluating period-over-period operating
performance and a method to facilitate certain comparisons of operating
results to peer companies. We also believe that providing non-GAAP operating
income and operating margin allows investors to assess the extent to which
ongoing operations impact our overall financial performance. We further
believe that providing non-GAAP net income and non-GAAP net income per share
(diluted) allows investors to assess the overall financial performance of
ongoing operations by eliminating the impact of certain financing decisions
related to our convertible debt and certain tax items which may not occur in
each period presented and which may represent non-cash items or gains or
losses unrelated to our ongoing operations. We believe that disclosing these
non-GAAP financial measures contributes to enhanced financial
reportingtransparency and provides investors with added clarity about complex
financial performance measures.

We calculate non-GAAP gross profit by excluding from GAAP gross profit, stock
compensation expense, restructuring-related charges and acquisition-related
expenses. We calculate non-GAAP operating income by excluding from GAAP
operating income, stock compensation expense, restructuring-related charges,
acquisition-related expenses, litigation settlement gains and losses and
certain deferred executive compensation. We calculate non-GAAP net income and
net income per share (diluted) by excluding from GAAP net income and net
income per share (diluted), stock compensation expense, restructuring-related
charges, acquisition-related expenses, litigation settlement gains and losses,
amortization of discount on convertible debt, and certain deferred executive
compensation, as well as certain items related to the retirement of
convertible debt, and certain tax items, which may not occur in all periods
for which financial information is presented. We exclude the items identified
above from the respective non-GAAP financial measure referenced above for the
reasons set forth with respect to each such excluded item below:

Stock Compensation - because (1) the total amount of expense is partially
outside of our control because it is based on factors such as stock price
volatility and interest rates, which may be unrelated to our performance
during the period in which the expense is incurred, (2) it is an expense based
upon a valuation methodology premised on assumptions that vary over time, and
(3) the amount of the expense can vary significantly between companies due to
factors that can be outside of the control of such companies.

Acquisition-Related Expenses - including such items as, when applicable,
amortization of acquired intangible assets, fair value adjustments to
contingent consideration, fair value charges incurred upon the sale of
acquired inventory, acquisition-related professional fees and deemed
compensation expenses, because they are not considered by management in making
operating decisions and we believe that such expenses do not have a direct
correlation to future business operations and thereby including such charges
does not accurately reflect the performance of our ongoing operations for the
period in which such charges are incurred.

Litigation Settlement Gains and Losses - including gains and losses related to
the resolution of other than ordinary course threatened and actually filed
lawsuits and other than ordinary course contractual disputes, because (1) they
are not considered by management in making operating decisions, (2) such gains
and losses tend to be infrequent in nature, (3) such gains and losses are
generally not directly controlled by management, (4) we believe such gains and
losses do not necessarily reflect the performance of our ongoing operations
for the period in which such charges are recognized and (5) the amount of such
gains or losses can vary significantly between companies and make comparisons
difficult.

Restructuring-Related Charges - because, to the extent such charges impact a
period presented, we believe that they have no direct correlation to future
business operations and including such charges does not necessarily reflect
the performance of our ongoing operations for the period in which such charges
are incurred.

Deferred Executive Compensation - including charges related to any contingent
obligation pursuant to an executive severance agreement because we believe the
period over which the obligation is amortized may not reflect the period of
benefit and that such expense has no direct correlation with our recurring
business operations and including such expenses does not accurately reflect
the compensation expense for the period in which incurred.

Amortization of Discount on Convertible Debt - comprised of the amortization
of the debt discount recorded at inception of the convertible debt borrowing
related to the adoption of ASC 470-20, because the expense is dependent on
fair value assessments and is not considered by management when making
operating decisions.

Gains and Losses on Retirement of Convertible Debt - because, to the extent
that gains or losses from such repurchases impact a period presented, we do
not believe that they reflect the underlying performance of ongoing business
operations for such period.

Certain Income Tax Items - including certain deferred tax charges and benefits
which do not result in a current tax payment or tax refund and other
adjustments which are not indicative of ongoing business operations.

The non-GAAP financial measures presented in the table above should not be
considered in isolation and are not an alternative for, the respective GAAP
financial measure that is most directly comparable to each such non-GAAP
financial measure. Investors are cautioned against placing undue reliance on
these non-GAAP financial measures and are urged to review and consider
carefully the adjustments made by management to the most directly comparable
GAAP financial measures to arrive at these non-GAAP financial measures.
Non-GAAP financial measures may have limited value as analytical tools because
they may exclude certain expenses that some investors consider important in
evaluating operating performance or ongoing business. Further, non-GAAP
financial measures are likely to have limited value for purposes of drawing
comparisons between companies because different companies may calculate
similarly titled non-GAAP financial measures in different ways because
non-GAAP measures are not based on any comprehensive set of accounting rules
or principles.

Our earnings release contains forward looking estimates of non-GAAP diluted
earnings per share and non-GAAP operating margin for the first quarter of our
2013 fiscal year ("Q1 2013"). We provide such non-GAAP measures to investors
on a prospective basis for the same reasons (set forth above) that we provide
them to investors on a historical basis. We are unable to provide a
reconciliation of such forward looking non-GAAP estimates to forward looking
GAAP estimates because certain information needed to make reasonable forward
looking estimates of GAAP diluted earnings per share and operating margin for
Q1 2013 (other than estimated stock compensation expense of $0.10 per diluted
share (4% operating margin impact), certain tax items of $0.06 per diluted
share, estimated acquisition related expense of $0.04 per diluted share (2%
operating margin impact) and estimated deferred executive compensation expense
and restructuring and other charges with a de minimis impact on both diluted
earnings per share and operating margin) is difficult to predict and estimate
and is often dependent on future events which may be uncertain or outside of
our control. Such events may include unanticipated one time charges related to
asset impairments (fixed assets, intangibles or goodwill), unanticipated
acquisition related costs, unanticipated litigation settlement gains and
losses and other unanticipated non-recurring items not reflective of ongoing
operations. We believe the probable significance of these unknown items, in
aggregate, to be in the range of $0.00 to $0.10 in quarterly earnings per
diluted share or 0 - 5% in operating margin impact on a GAAP basis. Our
forward looking estimates of both GAAP and non-GAAP measures of our financial
performance may differ materially from our actual results and should not be
relied upon as statements of fact.

[a]  These charges represent expense recognized in accordance with ASC 718 -
      Compensation, Stock Compensation.
      Approximately $2.4 million, $7.3 million and $8.8 million were included
      in cost of goods sold, research and development expense and selling,
      general and administrative expense, respectively, for the three months
      ended September 28, 2012.
      Approximately $9.4 million, $28.0 million and $34.8 million were
      included in cost of goods sold, research and development expense and
      selling, general and administrative expense, respectively, for the
      fiscal year ended September 28, 2012.
      
      For the three months ended September 30, 2011, approximately $2.2
      million, $5.0 million and $8.4 million were included in cost of goods
      sold, research and development expense and selling, general and
      administrative expense, respectively.
      For the fiscal year ended September 30, 2011, approximately $7.6
      million, $18.1 million and $32.6 million were included in cost of goods
      sold, research and development expense and selling, general and
      administrative expense, respectively.
      
      The acquisition-related expense recognized during the three months and
      fiscal year ended September 28, 2012 includes a $0.7 million and $4.2
      million charge, respectively, to cost of sales related to the sale of
      acquired inventory and $1.0 million and $10.9 million in transaction
      costs included in general and administrative expenses associated with
[b]   acquisitions, and an arbitration, completed or contemplated during the
      three months and fiscal year ended September 28, 2012, respectively.
      Also included in general and administrative expenses for the fiscal year
      ended September 28, 2012 is a $5.4 million credit due to a reduction in
      the estimated fair value of contingent consideration liabilities
      associated with acquisitions.
      
      The acquisition-related expense recognized during the three months and
      fiscal year ended September 30, 2011 includes a $2.9 million and $4.6
      million charge, respectively, to cost of sales related to the sale of
      acquired inventory. Also included in acquisition-related expense is $2.6
      million and $4.4 million, respectively, in transaction costs associated
      with acquisitions completed or contemplated during the three months and
      fiscal year ended September 30, 2011.
      
      During the fiscal year ended September 28, 2012, the Company implemented
      a restructuring plan to reduce the headcount associated with its
[c]   acquisition of Advanced Analogic Technologies, Inc. For the fiscal year
      ended September 28, 2012, the Company recorded $7.8 million primarily
      related to this restructuring plan.
      
      During the fiscal year ended September 30, 2011, the Company implemented
      a restructuring plan to reduce the headcount associated with its
      acquisition of SiGe Semiconductor, Inc. Approximately $0.9 million and
      $2.4 million in restructuring related charges were recorded during the
      three months and fiscal year ended September 30, 2011, respectively.
      
[d]   During the fiscal year ended September 28, 2012, the Company recognized
      a $5.8 million charge related to the resolution of contractual disputes.
      
      During the fiscal year ended September 30, 2011, the Company recognized
      a $2.3 million charge related to the resolution of a contractual
      dispute.
      
      The gain recorded during the fiscal year ended September 28, 2012
[e]   relates to the retirement of the Company's 1.50% convertible
      subordinated notes due on March 1, 2012.
      
      These charges represent the amortization expense recognized in
[f]   accordance with ASC 470-20. Approximately $0.4 million of amortization
      expense was recognized during the fiscal year ended September 28, 2012.
      
      Approximately $0.3 million and $1.3 million, respectively, of
      amortization expense was recognized during the three months and fiscal
      year ended September 30, 2011.
      
      During the three months and fiscal year ended September 28, 2012, these
      amounts primarily represent the utilization of net operating loss and
[g]   research and development tax credit carryforwards, deferred tax expense
      not affecting taxes payable and non-cash expense related to uncertain
      tax positions.
      
      During the three months and fiscal year ended September 30, 2011, these
      amounts primarily represent deferred tax expense not affecting taxes
      payable and non-cash expense related to uncertain tax positions.


SKYWORKS SOLUTIONS, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
                                                               
                                                    Sept. 28,     Sept. 30,
(in thousands)                                      2012          2011
Assets
Current assets:
Cash and cash equivalents                           $ 307,110     $ 410,799
Accounts receivable, net                              297,589       177,940
Inventory                                             232,920       198,183
Prepaid expenses and other current assets             45,744        29,412
Property, plant and equipment, net                    279,383       251,365
Goodwill and intangible assets, net                   894,523       749,849
Other assets                                         79,377       72,841
Total assets                                        $ 2,136,646   $ 1,890,389
                                                                  
Liabilities and Equity
Current liabilities:
Convertible notes                                   $ -           $ 26,089
Accounts payable                                      140,583       115,290
Accrued liabilities and other current liabilities     42,121        105,717
Other long-term liabilities                           48,467        34,198
Stockholders' equity                                 1,905,475    1,609,095
Total liabilities and equity                        $ 2,136,646   $ 1,890,389

Contact:

Skyworks Solutions, Inc.
Media Relations:
Pilar Barrigas, 949-231-3061
or
Investor Relations:
Stephen Ferranti, 781-376-3056
 
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